Jefferies analyst Constantin Hesse maintained a Buy rating on Sixt SE today and set a price target of €110.00.
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Constantin Hesse has given his Buy rating due to a combination of factors tied to Sixt’s earnings backdrop and market valuation. Robust U.S. used‑car pricing, as reflected in the Manheim index reaching its strongest level since mid‑2023, supports higher residual values, easing depreciation risk and boosting returns on fleet disposals in the first quarter.
At the same time, Sixt’s share performance has significantly lagged peers like Avis and Hertz, despite stronger operating metrics, leaving the stock trading at an unusually steep discount of roughly 60% to Avis. With a sizeable portion of Sixt’s mainly U.S. risk fleet directly benefiting from this favorable pricing environment, Hesse views the current valuation as unduly depressed and sees compelling upside potential for the shares.
In another report released on March 31, Deutsche Bank also maintained a Buy rating on the stock with a €85.00 price target.